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EVOLUTION MINING: COWAL MINE GAINS LIFE EXTENSION

Sydney, Feb 9

Australian miner Evolution says it can focus on the long-term future of its Cowal gold mine near West Wyalong in NSW after gaining regulatory planning approval to extend its mine life to 2032. The mine, acquired by Evolution in mid-2015, was previously scheduled to continue until FY2025.The openpit mine is forecast to produce 245,000-260,000oz gold in the year to end-June 2017, and exec chairman Jake Klein says the planning extension gives Evolution confidence to continue investment and supports job security for employees and contractors.